Today is March 26, and I am DML. The stories below are grabbing headlines this morning.
1- Death toll hits grim levels
U.S. deaths from the pandemic have now topped 1,000, in another grim milestone for a global outbreak that is taking lives and wreaking havoc on economies and established routines of ordinary life. Worldwide, the death toll climbed past 21,000, according to a running count kept by Johns Hopkins University.
DML: Please keep your immune system strong any way you can.
2-Stocks are prepared for a drop
U.S. equity futures are trading lower ahead of weekly jobless claims numbers. The major futures indexes are indicating a decline of about 0.4 percent when trading begins on Thursday.
Jobless claims are expected to surge to 1 million last week, with estimates running as high as 4 million as efforts to contain the coronavirus pandemic triggered a wave of layoffs and brought the U.S. economy to a virtual standstill. That would exceed by far the record-high number of 695 thousand claims filed in October 1982.
DML: This should be built into the markets already, so don’t be shocked when the markets rally later in the day.
3- $2.2Trillon heading your way
The Senate has unanimously passed an unprecedented $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems overrun by the virus and its fallout. The package heads to the House for consideration Thursday.
DML: Nancy would be a fool to say no. Meanwhile, if you earn $75k or less, or if you are on Social Security, you should get $1,200. I will provide more insight on this today at 10:30amET when I go LIVE on TeamDML.com
4- Elton John to host ‘FOX Presents the iHeart Living Room Concert for America’ to benefit coronavirus charities.
Fox Corporation and iHeartMedia have teamed up to provide entertainment and support for Americans during the coronavirus pandemic with a special event on Sunday night hosted by music legend Elton John.
“FOX Presents the IHeart Living Room Concert for America” will air at 9 p.m. ET Sunday on all FOX platforms and iHeartMedia radio stations nationwide. The special concert event will pay tribute to front-line medical professionals working to treat coronavirus patients, first responders, and local heroes while soliciting donations from viewers and listeners.
The commercial-free event will feature performances by Alicia Keys, Backstreet Boys, Billie Eilish, Billie Joe Armstrong, Mariah Carey, Tim McGraw and others, all playing from their homes on their personal cell phones, cameras and audio equipment, to ensure the health and safety of all involved as Americans adapt to social distancing.
DML: I’ll pass, but thought you might be interested.
5- Colorado shuts down
The state of Colorado has declared a stay-at-home order effective today, 8am local time.
DML: I have warned of this for weeks, and now it has arrived. This will impact the CBD industry, and DMLcbd.com is no exception. As of 8amET this morning, what we have available in stock is what we can ship until it runs out. Will this last long? I don’t know. I am working with my manufacturers to muster a plan. But until we have a plan in place, we can no longer offer our “free” deals. We will ship to you what we have in stock as you buy it. My suggestion is you load up now considering Colorado hasn’t been hit with a wave of illness like NY. It could get ugly before it gets better, and inventories are limited. Go to DMLcbd.com